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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Revenues    
Operating Revenues $ 1,782 $ 1,498
Operation    
Fuel 212 177
Energy purchases 352 220
Other operation and maintenance 433 367
Depreciation 271 267
Taxes, other than income 60 52
Total Operating Expenses 1,328 1,083
Operating Income 454 415
Other Income (Expense) - net 0 0
Interest Expense 107 153
Income Taxes 74 59
Income from continuing operations after income taxes 273 203
Loss from Discontinued Operations (net of income taxes) 0 (2,043)
Net Income (Loss) $ 273 $ (1,840)
Net Income:    
Income from Continuing Operations After Income Taxes $ 0.37 $ 0.26
Loss from Discontinued Operations (net of income taxes) 0 (2.65)
Net Income (Loss) Available to PPL Common Shareowners $ 0.37 $ (2.39)
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 735,503 769,159
Diluted (in shares) 736,184 770,710
Income from Continuing Operations Before Income Taxes $ 347 $ 262
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues 775 605
Operation    
Energy purchases 256 149
Other operation and maintenance 160 128
Depreciation 98 108
Taxes, other than income 37 32
Total Operating Expenses 551 417
Operating Income 224 188
Other Income (Expense) - net 6 5
Interest Income from Affiliate 2 0
Interest Expense 39 43
Income Taxes 50 37
Net Income (Loss) [1] 143 113
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes 193 150
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Retail and wholesale 481 421
Electric revenue from affiliate 12 7
Operating Revenues 493 428
Operation    
Fuel 81 67
Energy purchases 91 66
Energy purchases from affiliate 2 5
Other operation and maintenance 100 96
Depreciation 74 66
Taxes, other than income 12 11
Total Operating Expenses 360 311
Operating Income 133 117
Other Income (Expense) - net (1) (2)
Interest Expense 20 21
Income Taxes 19 19
Net Income (Loss) [2] 93 75
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes 112 94
Kentucky Utilities Co [Member]    
Operating Revenues    
Retail and wholesale 523 464
Electric revenue from affiliate 2 5
Operating Revenues 525 469
Operation    
Fuel 131 110
Energy purchases 5 5
Energy purchases from affiliate 12 7
Other operation and maintenance 113 115
Depreciation 95 89
Taxes, other than income 11 10
Total Operating Expenses 367 336
Operating Income 158 133
Other Income (Expense) - net 0 1
Interest Expense 27 27
Income Taxes 24 21
Net Income (Loss) [3] 107 86
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes $ 131 $ 107
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.